There is no doubt that we have come into difficult times, and that on a global scale. Never in history has there been so much debt that is even affecting countries now. They of course have financial advisor’s whom they can turn to for guidance while looking for solutions to the problems. Individual consumers looking for debt relief on the other hand, do not readily find such support and as a result can go through an intense period of worry or concern wondering what on earth they can do about their situation. Fortunately modern day solutions, whilst still difficult to go through, are no where near as harsh as they where generations ago when people where sent to prison for being in debt. Today there are programs in place that … Read entire article »

Research from an insurance company has found that young professionals are taking much more risks with their finances and choosing to not cut back, in spite of the weak economic climate. The report from AXA looked over financial stability during the second quarter of the year. It found that in comparison to the first 3 months of 2011, fewer folks are paying off their overdrafts and credit card debt. The insurance company declared that there has been a “shift towards a more cavalier attitude to finances”, as a lower number of people are prioritising paying off debts and instead are choosing to fund their very own lifestyles by borrowing. eighty-four percent of the people surveyed have a bank card and nearly 1 in 10 folks lend on their credit cards or loans to … Read entire article »